Imperial Brands launches £750m share buyback program

Imperial Brands PLC has initiated a £750 million share buyback program, as announced in a press release. The program, which will be overseen by HSBC Bank plc, aims to repurchase shares through open market transactions on the London Stock Exchange and other recognized investment exchanges. This is the first tranche of a planned £1.5 billion share repurchase program set to conclude by October 29, 2027.

The program is part of Imperial Brands' ongoing strategy to distribute surplus capital to shareholders while maintaining leverage within its target range. The maximum number of shares that may be repurchased under the program is 80,120,000 shares, and all repurchased shares will be cancelled to reduce the company’s share capital.

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